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7400 San Fernando Road

Gary Kasabyan & David Tovmasyan Acquire Industrial Property In Sun Valley For $4.2M
SOLDIndustrial

Gary Kasabyan & David Tovmasyan Acquire Industrial Property In Sun Valley For $4.2M

7400 San Fernando Road

$4,200,000

$406/SF

Building Size

10,324 SF

Asset Type

Industrial

Closing

Dec 30, 2022

AI

The industrial property located at 7400 San Fernando Road in Sun Valley has been sold for $4,200,000. The property spans a total of 10,324 square feet, resulting in a price per square foot of $407. The transaction took place on 12/30/2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,200,000
  • Address: 7400 San Fernando Road
  • Market: Sun Valley
  • Square Footage: 10,324
  • Price per Square Foot: $407

The buyers of the property are Gary Kasabyan and David Tovmasyan. The seller of the property is Randall Parks. Blas Fernandez from Blas Property Group represented Gary Kasabyan and David Tovmasyan as their buyer's representative.

Players

Blas Fernandez

IKON Properties

Broker

$93.8M

vol

34 deals

Broker
Keller Williams Realty
Keller Williams RealtyBrokerage

Gary Kasabyan

Buyer

$9.4M

vol

3 deals

Buyer

Sun Valley Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.78%

Cash-on-Cash

-1.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93